Can Reddit Surprise Investors Like Astera Did on the Debut?

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03-21
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$Astera Labs, Inc.(ALAB)$ , AI concept company, surged 72% and closed at $62.03 during its trading debut.

  • The company aims to enhance chip efficiency by integrating with other data center components and has secured deals with major AI chipmakers like $NVIDIA Corp(NVDA)$ and $Advanced Micro Devices(AMD)$.

  • With an IPO price of $36, Astera's price-sales ratio stands at approximately 47 times.

How will another AI concept stock $Reddit(RDDT)$ perform today?

Reddit prices its initial public offering at $34 and will start trading tonight. Reddit warned in its prospectus that trading in its shares could be particularly volatile.

Wallstreetbet users show negative sentiments towards its IPO:

Millions of young/new investors are about to learn a valuable lesson

Maybe just the dump no pump

Comment ImageComment Image

But some investors are bullish:

Inverse wsb, I’m all in.

How do you view?

Will you Reddit go on a roller coaster ride today?

Will you join the party?


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Reddit is Sinking! Will You Short the Meme Stock?
Reddit CEO Steve Huffman and other top executives and board members late Wednesday disclosed share sales, just a week after the social network had in its initial public offering. RDDT stock plunged Thursday. ------------ Is Reddit with insider selloff and short-sellers' move? What's your target price for Reddit?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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Comments

  • icycrystal
    03-21
    icycrystal
    I think perhaps $Reddit(RDDT)$ will be around $49 - $58 [Thinking] [Thinking] [Thinking]

    @Aqa @LMSunshine @koolgal @Universe宇宙 @rL @Shyon @GoodLife99 @HelenJanet @DiAngel

    How do you view?


    Will you Reddit go on a roller coaster ride today?


    Will you join the party?

    Rewards

    Leave your comments and also post to win tiger coins~


    Every valid comment will get at least 5 tiger coins!


    The hot and insightful comment will even get hundreds of tiger coins!

  • WanEH
    03-25
    WanEH
    Reddit 我觉得比较像一个炒作，毕竟看不到和人工智能有什么相关。它只是一个社交平台
  • AliceSam
    03-22
    AliceSam
    Reddit将其首次公开募股定价为34美元，并将于今晚开始交易。Reddit在其招股说明书中警告称，其股票交易可能会特别不稳定。
  • TimothyX
    03-21
    TimothyX
    Reddit將其首次公開募股定價爲34美元，並將於今晚開始交易。Reddit在其招股說明書中警告稱，其股票交易可能會特別不穩定。
  • JazzyTizzy
    03-21
    JazzyTizzy
    Might me a meme stock but seems like a hot thing to get into! Hope public sentiments can raise up the price. Good luck all! To the moon!
  • WanEH
    03-25
    WanEH
    但是往往市场就是喜欢这种主题炒作。站在风口上，🐷都会飞。
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